Ireland Industry June 2020

Ireland

Ireland: Manufacturing production rebounds in June

August 7, 2020

Manufacturing output grew 13.0% month-on-month in seasonally-adjusted terms in June (May: -14.1% mom).

The notable upturn was partly driven by a marked rebound in modern sector production. In addition, traditional sector output also swung to expansion.

On an annual basis, factory output rose 5.1% in June, rebounding from May’s 12.7% fall. Accordingly, the trend improved significantly, with the annual average growth of manufacturing production coming in at plus 3.4%, up from May's 2.8% reading.

FocusEconomics Consensus Forecast panelists project industrial production to contract 5.3% in 2020, which is down 1.4 percentage points from last month’s forecast. For 2021, the panel sees industrial production growth of 3.9%.


Author:, Economist

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Ireland Industry June 20 20

Note: Year-on-year and annual average variation in %. The modern sector includes the manufacture of chemicals and pharmaceuticals, computer and electronical equipment, medical and dental instruments, as well as the reproduction of recorded media. The traditional sector includes everything excluding the “modern” sector.
Source: Central Statistics Office Ireland (CSO) and FocusEconomics calculations.


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